How Is The Market Feeling About Li-Cycle Holdings?
Portfolio Pulse from Benzinga Insights
Li-Cycle Holdings (NYSE:LICY) has seen a 12.54% increase in short percent of float since its last report, with 15.33 million shares sold short, representing 12.83% of available shares. This indicates a bearish market sentiment towards LICY, although it doesn't necessarily predict a price drop. Compared to its peers, LICY has a significantly higher short interest, suggesting more bearish sentiment than its peers.
March 20, 2024 | 2:15 pm
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Li-Cycle Holdings has experienced a notable increase in short interest, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest for Li-Cycle Holdings suggests that a significant number of traders are betting against the stock, expecting its price to fall. This bearish sentiment, especially when significantly higher than its peers, can lead to increased stock price volatility in the short term as traders may react to this sentiment by selling off their positions or shorting the stock further.
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